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Fibonacci Calculator - A Powerful Technical Tool

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The Fibonacci calculator will show you the retracement and extension levels according to the popular Fibonacci theory used in forex trading.

 

Uptrend
*) The highest price point according to your observations
(example: 1.35000)
*) The lowest price point according to your observations
(example: 1.31000)
Retracements
0% (b)
23.6%
38.2%
50%
61.8%
76.4%
100% (a)
138.2%
Extensions
261.8%
200%
161.8%
138.2%
100%
61.8%
50%
38.2%
23.6%

Downtrend
*) The highest price point according to your observations
(example: 1.35000)
*) The lowest price point according to your observations
(example: 1.31000)
Retracements
138.2%
100% (a)
76.4%
61.8%
50%
38.2%
23.6%
0% (b)
Extensions
23.6%
38.2%
50%
61.8%
100%
138.2%
161.8%
200%
261.8%


Additional FAQ

How to Use Fibonacci in Financial Trading -5

  1. Identify where prices move. For example in the picture below, it seems that prices are going down (bearish). In this situation, traders will look for opportunities to sell when prices temporarily retrace higher.
  2. Mark the horizontal lines where Fibonacci Retracement 23.6% (0.236), 38.2% (0.382), and 61.8% (0.618) are located. These lines are used to identify levels where prices are more likely to reverse.
  3. Observe close prices on the candle that represents price movements near the aforementioned Retracement levels. When prices have risen up to Fibonacci levels of 0.236, 0.382, or 0.618, take note of where the next candle closes. 

Continue Reading at Learn How to Use Fibonacci in Financial Trading

  1. Identify the Trend: Determine whether the trend is bullish or bearish.
  2. Select Time Frame: To minimize price noise, it is advisable to utilize 1-hour or longer time frame.
  3. Determine Peak Points: Find the most recent swing high and swing low points to draw Fibonacci retracements.
  4. Entry at Fibonacci Levels: Look for opportunities to enter trades when there is a retracement between the 50% and 61.8% Fibonacci levels.
  5. Determine Exit: Set stop loss and take profit orders based on the latest swing points.

fibonacci trendline

Continue Reading at 5 Pullback Trading Strategies to Try

In "Liber Abaci", Leonardo Pisano describes a series of numbers where each number after 0 and 1 is the sum of the two previous numbers. So, the series consists of 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, and so on to infinity. In the Fibonacci number series, each number is approximately 1.618 times larger than the previous number.

In mathematics, the number 1.618 is also called Phi, or the Golden Ratio; while the opposite is 0.618. The Golden Ratio is said to appear mysteriously in the structure of natural phenomena, architectural and artistic masterpieces, as well as in the biological sciences. Among them are Leonardo Da Vinci's Mona Lisa painting, Katsushika Hokusai's The Great Wave Off Kanagawa, the Parthenon (Greece) temple, sunflowers, snail shells, human faces, and even the circle of galaxies in outer space. Many artists consider the Golden Ratio to represent a certain harmony that causes something to be seen as beautiful.

Continue Reading at Learn How to Use Fibonacci in Financial Trading

Fibonacci retracement is well-known as an extremely powerful indicator. Its main feature is its ability to point out levels at which pullbacks and reversals are triggered. Therefore, forex traders surely will be able to use it as an entry strategy.

Wisopivot

To further increase the accuracy of your entry, you could combine Fibonacci Retracement with a  little bit of candlestick analysis. It will be good if you have mastered candlestick pattern analysis, but even if you do not, you should still be able to use it if you know a couple of key reversal signals depicted by candlestick formation, such as doji.

Continue Reading at How to Find Entry and Exit Points in Trading